Freshpet, Inc. (NASDAQ:FRPT) Shares Acquired by Versor Investments LP

Versor Investments LP grew its stake in Freshpet, Inc. (NASDAQ:FRPT) by 168.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,900 shares of the company’s stock after purchasing an additional 3,703 shares during the period. Versor Investments LP’s holdings in Freshpet were worth $874,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lecap Asset Management Ltd. acquired a new stake in Freshpet during the fourth quarter worth about $817,000. Geode Capital Management LLC raised its stake in Freshpet by 4.7% during the third quarter. Geode Capital Management LLC now owns 835,663 shares of the company’s stock worth $115,650,000 after acquiring an additional 37,287 shares during the period. Transcendent Capital Group LLC acquired a new stake in Freshpet during the third quarter worth about $1,465,000. Principal Financial Group Inc. raised its stake in Freshpet by 36.4% during the fourth quarter. Principal Financial Group Inc. now owns 107,657 shares of the company’s stock worth $15,945,000 after acquiring an additional 28,743 shares during the period. Finally, Geneva Capital Management LLC raised its stake in Freshpet by 166.2% during the third quarter. Geneva Capital Management LLC now owns 84,221 shares of the company’s stock worth $11,519,000 after acquiring an additional 52,584 shares during the period.

Freshpet Trading Up 0.2 %

Shares of NASDAQ:FRPT opened at $107.09 on Friday. The firm has a fifty day moving average of $142.61 and a two-hundred day moving average of $142.33. The firm has a market capitalization of $5.22 billion, a P/E ratio of 113.93 and a beta of 1.42. Freshpet, Inc. has a 12-month low of $97.48 and a 12-month high of $164.07. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT) last issued its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. On average, equities analysts expect that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Insider Activity at Freshpet

In related news, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total value of $786,900.00. Following the completion of the sale, the president now owns 122,380 shares of the company’s stock, valued at approximately $19,260,164.40. The trade was a 3.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FRPT has been the topic of several analyst reports. DA Davidson raised their price target on shares of Freshpet from $183.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Oppenheimer dropped their price target on shares of Freshpet from $180.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday. TD Cowen raised their price target on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird increased their price objective on shares of Freshpet from $157.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.47.

About Freshpet

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.